In 2012, Apple paid approximately $6bn in US Corporate Tax on a reported US pretax income of $19bn. This in the words of Apple CEO, Tim Cook, at a Senate subcommittee in Taxes, 30.5% or around 2.5% of the total Corporate Tax revenue raised in the US.
Apparently there is such a thing as too many computers. That might not come as a surprise to those witnessing the the faltering social skills of millennials addicted to Facebook and Pokemon Go. However, leaving that to one side, in this instance what we're talking about is possibly even more concerning.
While serving an eviction notice on Long Island for failure to pay rent, US law enforcement discovered an established counterfeit operation and uncovered more than 3,660 pairs of counterfeit UGG boots worth an estimated $700,000.
California’s Vallejo City Council has scheduled a pivotal meeting for later today (May 31, 2016) to decide whether to approve an application by electric vehicle start up, Faraday Future, to construct a manufacturing facility in the region.